The US economy is at a critical juncture in its recovery. Importantly, after a rapid first phase of recovery, the economy has now entered the second phase of its rehabilitation with much less momentum.
What you will learn:
Households face major income cliffs as fiscal support fades, while still-widespread virus cases are also making them cautious.
Labor market vulnerabilities are spread across the US but are currently greatest in Eastern states.
China’s recovery has made it the US’ main export market during the crisis, but trade deal targets are still out of sight and political relations have soured.
Inflation risks are still heavily tilted to the downside amid a stagnating recovery, reduced fiscal relief, and an ongoing health crisis.